Posts From Fintech News Hong Kong
Italy and South Korea Unite to Advance CBDC and Real-Time Settlements
The Bank of Italy and the Bank of Korea have signed a memorandum of understanding (MOU) to facilitate the exchange of knowledge and expertise related to central bank digital currencies (CBDCs) and real-time gross settlement (RTGS) systems. Under the terms
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Hong Kong Among the Most Advanced in CBDC Development
This year’s PwC Global CBCD Index is seeing the addition of new countries into its ranking of the world’s most advanced retail central bank digital currency (CBDC) projects, with India, Japan and Hong Kong joining the list and leading the
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HKMA Plans Second Tokenised Green Bonds Release
The Hong Kong Monetary Authority (HKMA) is set to issue a second batch of tokenised green bonds, announced by Chief Executive Eddie Yue Wai-man. This follows the initial issuance of HK$800 million in tokenised green bonds by the Hong Kong
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Hong Kong and Thailand Launch New Cross-Border QR Payment System
The Hong Kong Monetary Authority (HKMA) and the Bank of Thailand (BOT) have launched the FPS x PromptPay Link, facilitating cross-border QR payments between Hong Kong and Thailand. This service, effective from 4 December, allows travellers to make retail payments
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Hong Kong Calls for Greater Bank Participation in Digital Yuan Initiative
During a recent fintech conference held in Shenzhen, Christopher Hui, Hong Kong’s Secretary for Financial Services and the Treasury, emphasised the growing importance of the digital yuan and called for the active participation of “more Hong Kong banks” in this
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Hong Kong Fintech Week 2023: A Summary of Key Highlights
Hong Kong Fintech Week (HKFW) 2023, organised by the Financial Services and the Treasury Bureau, Invest Hong Kong, and various key financial authorities, concluded on 5 November. The event drew a record attendance of over 35,000 attendees and more than
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Hong Kong Debuts First Saudi ETF in Asia Amid Growing China-Saudi Ties
The first-ever exchange-traded fund (ETF) in Asia, focusing on Saudi equities, commenced trading in Hong Kong on Wednesday. This event marks a milestone in the strengthening ties between China and Saudi Arabia. The ETF, named CSOP Saudi Arabia ETF and
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Shenzhen, Hong Kong to Launch Blockchain Cross-Border Data Verification Platform
Shenzhen and Hong Kong have announced a joint initiative to launch a verification platform for cross-border data. This platform is part of a broader effort to enhance data flows in various sectors, including finance, within the Greater Bay Area (GBA).
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OCBC Names Wang Ke as New CEO for Hong Kong Subsidiary
OCBC Bank has appointed Wang Ke as the new CEO of its Hong Kong subsidiary, effective 15 December 2023. This move is part of OCBC’s ongoing leadership renewal strategy in the Greater China region. Wang Ke, who was recently named
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Three More Banks Join China’s Digital Yuan Initiative
The participation of foreign banks in China’s digital yuan initiative, known as the e-CNY, has expanded with the addition of three more banks, reports Cointelegraph. This development follows the earlier integration by Standard Chartered on 27 November (Monday), making a
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